Magic Balance

Magic Balancer- ETH-BSC chain rebalancing protocol

Magic Balancer is a deflation governance DEFI token that provides exceptional rewards to active users through a smart contract protocol, while seamlessly integrating transaction rewards with liquidity rebalancing features. MGB tokens are designed to be sustainable and maximize their value by actually experiencing deflation and encouraging users to be active while offering incredible rewards. Each gift token allocated by MGB never jeopardizes the entire supply, which means that the growth of MGB tokens will never be difficult. Each Magic Balancer protocol is made for 100% disbelief and requires no human intervention to operate. This ensures that all Magic Balancer protocols can run forever and will never be disabled by human intervention.

Magic Balancer ensures that the cost per refill continues to increase in value. This is done by temporarily removing some of the liquidity from the MGB / ETH pair, buying the MGB market with ETH, and then burning all the remaining MGB. Basically, the equilibrium of the Uniswap MGB / ETH pair is being restored and the MGB value is increasing relative to the ETH. The MGB token comes from the community and is a flexible project driven by the community and future community governance can only be achieved through voting.

After the birth of cryptocurrency, DeFi tokens (decentralized financial tokens) have disrupted the financial sector throughout 2020. While many projects are still in the early stages of development, DeFi tokens have emerged and caused a craze in the crypto market that of course reminds us of the Bitcoin euphoria. , Ethereum, and others in 2017. Decentralized Finance or DeFi is a system that aims to provide financial services that are open, unlicensed, transparent, and available to everyone without centralized authority.

MAGIC BALANCER FEATURES:

A. Balance back:

Each rebalancing of the $ MGB token price can go up to 2%. This can happen every hour up to 24 times a day! After 1 week Presale ends with 1 $ MGB worth $ 4000 for this mechanism.

b. Switching:

The exchange is an automated market maker (“AMM”) that allows two tokens to be exchanged on Binance Smart Chain and Ethereum Main Net.

c. ETH Bridge ~ BSC:

A mechanism that allows the exchange of tokens between cross -chains without non -permanent loss.

d. $ MGB token:

The $ MGB KEY mechanic ensures that the uniswap price continues to increase in value (Assuming neutral Market pressures). This is done by temporarily removing some liquidity from the $ MGB / ETH pair, buying the $ MGB market with ETH, then burning the entire remaining $ MGB. Basically rebalancing the $ MGB / ETH Uniswap pair and increasing the value of $ MGB in relation to ETH. These tokens are specifically designed to be integrated into the Necromancer ecosystem.

WHY CHOOSE BINANCE SMART CHAIN?

With Ethereum’s enormous gas prices, we want to provide a way to help combat them with the ability to trade on the BSC blockchain. Transaction costs are very low when compared to the same transaction costs in Ethereum; BSC transactions can be as low as 5 cents. We want to provide an opportunity for all MGB holders to build an ecosystem of 2 and that can be used regardless of the congestion and costs that are sometimes experienced when using Ethereum Blockchain. Are there Code Differences between ETH-BSC chains? No, there is no fundamental difference between the two chains but there are small value modifiers (e.g. caller function award% 1 for BSC) What is the difference between the BSC ecosystem and the ETH ecosystem? Because each blockchain has its own ecosystem, both chains have their own lives,

$ MGB TOKEN HAS ONLY TWO FUNCTIONS:

·         Function A:

1% added to liquidity on sell, buy, and txn ~ this allows us to continue to have liquidity to perform Function B.

LP Prize

~ Whenever function two is called, all $ MGB from function one is distributed to the LP provider.

~ All you need to do to get this reward is provide liquidity.

After Magic-Swap is released

All taxes go into the address to then be added to $ MGB / rETH on MagicSwap

·         Function B:

Buy and Burn Liquidity

The function is available once an hour and can be called by anyone.

Callers of the function will receive 5% of $ MGB in incentives to spend on Gas. (% 1 for BSC)

Governance

MGB tokens come from the community and are a flexible community -based project. MGB is a token of community governance, and future community governance can only be achieved through MGB voting

The voting period for each proposal is 3 days. If the quorum reaches 20% and the support level reaches 66% at the end of the vote, the proposal is considered passed.

Tokenomics for ETH Chain

• Total Supply – 300,000 MGB
• Presale – 150,000 MGB
• Initial Liquidity – 85,000 MGB
• Marketing – 35,000 MGB
• Team Token – 30,000 MGB
• Presale – 1 ETH = 999 MGB ($ 1.5 *)
• Buy Max Presale = 3 ETH ($ 4,500 *)
• Initial List – 1 ETH = 799 MGB ($ 1.88 *) ~ 25% higher than pre -sales
• Presale Hardcap = 30 ETH ($ 45,000*)
• 70% ETH (21 ETH – $ 31,500 *) is provided for liquidity.
• 20% ETH (6 ETH – $ 9,000 *) provides future development, partnerships, marketing, community building, checklists and expansion teams.
• 10% ETH (3 ETH – $ 4,500 *) pre -sale reference gift

Tokenomics for BSC

• Total Supply – 300,000 MGB
• Presale – 150,000 MGB
• Initial Liquidity – 85,000 MGB
• Marketing – 35,000 MGB
• Team Token – 30,000 MGB
• Presale – 1 BNB = 99 MGB ($ 2.5 *)
• Buy Max Presale = 30 BNB ($ 7,500 *)
• Initial List – 1 BNB = 79 MGB ($ 3.16 *) ~ 25% higher than presale
• Presale Hardcap = 300 BNB ($ 75,000 *)
• 70% BNB (210BNB – $ 52,500 *) is provided for liquidity.
• 20% BNB (60 BNB – $ 15,000 *) provides future development, partnerships, marketing, community development, checklists and expansion teams.
• 10% BNB (30 BNB – $ 7,500 *) pre -sale reference gift.

ROAD MAP

K1 2021

• Develop tokenomics and features

• Develop contracts, front end websites and dAPPs

• Write a whitepaper

• Presale

• Launch MGB on Uniswap and Pancakeswap

Start an influencer marketing campaign

• Community growth and gift campaigns for partnerships

K2 2021

• ETH Bridge ~ BSC

• Securing project partnerships

K3 2021

• Launch of MagicSwap

• Create a DAO MGB for government

• Transfer contract ownership to a governance contract

K4 2021

• Prepare a road map for 2022 in the future

Conclusion:

The only thing you can trust in the crypto space is the code, it never lies and once implemented, it will never be able to change the way it functions. The best projects in crypto are those that provide a 100% unreliable protocol and prove that fact with complete code transparency. This is what Magic Balancer has to offer, this is our core belief and the only way we will release the protocol.

Read More here:

Website:   https://magicbalancer.org

●   Telegram:   https://t.me/magicbalancer

●   Whitepaper:   https://github.com/MagicBalancer/Whitepaper/blob/main/whitepaperv1.pdf

● Twitter:   https://twitter.com/magicbalancer

● Governance:   https://vote.magicbalancer.org

● Github:   https://github.com/magicbalancer

by Landungsarie

link https://bitcointalk.org/index.php?action=profile;u=3166153